LimeFx is authorized and regulated by the Seychelles Financial Services Authority. The following LimeFx review will help you find is LimeFx legit broker and safe for investments. The LimeFx reviews provided below gives a final verdict and opinion on various aspects like features, pros & cons, trading platforms, instruments, security measures, and more. The biggest advantage of mobile trading is simply the ease of access to your trading account. Trade Forex with your Android smartphone or tablet and explore the great features of MT4.
We’re dedicated to helping our clients achieve their trading goals, and we’re thrilled to hear that you have found our materials helpful.🤩 🥳LimeFx ⚡️Empowering traders. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. https://limefx.vip/ Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. I conducted my test on 18 December at around 9.50 am CET via live chat.
Some features and services may vary depending on where you reside and which entity you open an account with. My analysis indicates that LimeFx’s fees are above the industry average, and the broker offers limited client protection. Trade forex with fixed or flexible spreads, starting from as low as 0.0 pips. Whether you are a beginner or a professional trader, limefx review you can choose the right spread account for you and explore opportunities with our superb conditions. LimeFx’s mobile app also provides push notifications thatinform traders of any relevant news or market updates. The leverage level can be adjusted accordingto the traders’ individual needs, allowing them to take control of theirtrading strategies.
LimeFx also offers a range of advancedtrading orders, such as limit orders, stop losses and take profits. Theseorders allow traders to control their risk better and also take advantage ofmarket volatility. Compared to other brokers, the leverageoffered by LimeFx is relatively high. It enablestraders to potentially magnify their profits if the market moves in theirfavour, but losses as well, if the market moves against them.
The webinars are geared towards beginners, intermediate-level, and advanced traders. At the time of my review, there were 5 upcoming webinars, all in Arabic. I quite appreciated that there is detailed personal info about market experts who lead the webinars. I quite enjoyed LimeFx’s educational guides covering very basic trading topics that novice traders are likely to ask. They do not delve particularly deep into the subject matter or examine more complex topics but are quite useful as a starting point.
In addition, clients at LimeFx do not have topay any commissions, as the broker charges only the spread. A CFD (Contract for Difference) offers the opportunity to traders to speculate on the price movement of different financial assets without owning them directly. With a CFD contract you agree to pay the difference between the opening and closing prices of an underlying asset.
The choice of base currencies is also the same and includes EUR, GBP, and USD. It should be noted that the payment method traders will choose when depositing funds to their accounts should also be used when they want to withdraw their funds. The base currencies in which traders can register their accounts are not that many as they can only go for USD, EUR, and GBP. An important thing to note is the range of currencies traders will be given access to will differ depending on the account type they will settle on.
WebTrader offers the same functionality as the downloadable version, meaning that traders will not lose out on any of the features that are accessible through MetaTrader 4. Clients of the brokerage firm will benefit from flexible leverage and competitive spreads across the entire commodity range. With spreads from 3 points, traders can easily keep their costs on the lower edge of the spectrum.
Each of the instruments listed below is distinct and has qualities that make it advantageous to trade with them. To reach your financial objectives, diversify your portfolio by investing in various instruments depending on your risk tolerance. LimeFx provides traders with low spreads and competitive and reliable pricing. Founded in 2013, Trading Pedia aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. Privilege accounts offer all the features of Standard and Premium accounts, with the only difference being the spread.
Whatever traders’ experience is, they can start exploring trading opportunities while they are out and about after they scan the QR codes that are available on the brokerage firm’s website. Traders can also download the apps from the App Store or Google Play for free. Futures are also known as futures contracts and are a great option for professional and beginner investors because they are traded with no requotes and in next to no time.
The MT4 platform is available in differentversions, such as the desktop version and the mobile app. Traders can also usethe platform’s web version to access the markets from any computer with aninternet connection. Let’s look at some of the core features of MT4 helpingtraders manage their trading activities. A trading platform is computer software that online traders and investors can use to trade the global markets with a broker or other financial intermediary. You can choose from our wide selection of currencies, metals, indices, commodities, shares and futures and start trading with competitive conditions and dedicated support. Since top forex brokers compete for your business, several now provide zero-spread trading accounts as an added perk.
It is a mechanism that prevents theaccount balance from going into negative territory and ensures that tradersdon’t end up owing money to the broker. As the prices of these commodities can beaffected by factors like supply and demand, political unrest, etc., traders cantake advantage of this volatility and make profits while trading thesecommodities. CFDs on futures are another popular tradinginstrument on the LimeFx platform. Traders can access some of the most liquidfutures markets like the S&P 500, Nasdaq 100, Dow Jones 30, and more. As the overall supply and demand of thesemetals are pretty predictable, traders can use specific strategies to takeadvantage of market movements.
LimeFx is still a relatively new broker, having been established just a couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally. It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place.
